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    Cheniere’s sixth Sabine Pass train nears completion

Summary

The company said in its quarterly earnings report that it expected the new train to open during the first half of next year.

by: Daniel Graeber

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Complimentary, Natural Gas & LNG News, Americas, Liquefied Natural Gas (LNG), Corporate, Import/Export, Financials, News By Country, United States

Cheniere’s sixth Sabine Pass train nears completion

US LNG exporter Cheniere Energy said August 5 in its quarterly earnings report that Train 6 at its Sabine Pass terminal in Louisiana was nearly completed.

Cheniere owns the five-train Sabine Pass terminal, with a nameplate production capacity of nearly 30mn tons/y of LNG. That terminal is among the most active US LNG export facilities. Of the 19 vessels laden with LNG that left US export facilities last week, seven of them departed from Sabine Pass.

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Cheniere said Train 6 at Sabine Pass was almost 90% finished and completion was expected by the first half of next year.

As of July 31, Cheniere said that approximately 1,350 LNG cargoes laden with more than 90mn tonnes of LNG have been produced, loaded and exported from Sabine Pass.

The largest US LNG terminal operator, Cheniere in June entered into partnership with five natural gas producers and several leading academic institutions. They will implement quantification, monitoring, reporting and verification (QMRV) of greenhouse gas (GHG) emissions performance at natural gas production sites.

About 85% of the total $1.9bn in revenue during the three months ending June 30 came from LNG, Cheniere said. Total revenue improved 28% from the same period last year. Ebitda, however, declined 18% from the $846mn posted during Q2 2020.